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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
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Share Price: 258.30
Bid: 258.30
Ask: 258.50
Change: 3.70 (1.45%)
Spread: 0.20 (0.077%)
Open: 254.60
High: 259.20
Low: 254.60
Prev. Close: 254.60
MKS Live PriceLast checked at -

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Sunday share tips: Marks & Spencer, National Grid, Assura

Sun, 15th May 2016 15:03

(ShareCast News) - Marks & Spencer shares were given a 'hold' rating by Questor in the Sunday Telegraph. Last week, recently promoted boss Steve Rowe began to cut the senior management cloth to suit his new regime, though we will not know his true plans until final results are posted on 25 May. Rowe needs time to sort things out, but he is lucky to have a highly cash generative business that can keep shareholders relatively happy and maintain dividends.However, departed Dutchman Marc Bolland was unable to deliver the revenue turnaround that investors hoped. On the positive side, the food business has been a consistent success, outshining its rivals in the supermarket sector. But the clothing business, mainly womenswear, has been a weak link for too long, even though an improved supply chain has begun to help margins move in the right direction. But Rowe needs to lift this area if he is to put some oomph back into shares that have lost a quarter of value in the last year.Sell National Grid shares, investors were told by the Sunday Times' Inside the City column. The gas and power transmission network operator has enjoyed an extended stint as an investor favourite, throwing off dividend cash partly thanks to the benign, low interest rates creating ideal conditions for growth. Results this week are likely to show ever bigger profits. The shares have sparked up almost two thirds over five years and now change hands for more than a third more than its regulated asset base, more than other highly regulated markets.Meanwhile, regulation has dimmed the lights of energy companies - and Ofgem may be about to do the same to National Grid, according to analysts at Macquarie. As the company looks to sell its £12bn gas distribution arm, it has been suggested that the regulator, in recognition of the helpful conditions use the sale cash to cut its rates, which are added onto household bills, rather than return them all to shareholders as is currently hoped.Shares in Assura are worth buying, said Midas in the Mail on Sunday, as the doctor's surgery property developer offers potential solid income growth for the long-term. While general practitioners have historically worked out of converted residential homes, the modern NHS requires extra services from a GP's surgery such as nursing, physiotherapy and a pharmacy. Rents from GPs are government-backed, with £1bn also committed to help develop new surgeries.Assura's 301 surgeries are worth more than £1bn, with a £135m pipeline of development and extension opportunities expected to have increased when results are unveiled this week. Profits are forecast to jump more than three quarters, with another rise of approaching 50% pencilled in for next year. Management raised £300m in a placing last year to help with development and allow acquisitions.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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11 Mar 2024 09:03

RBC Capital upgrades Marks & Spencer to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded Marks & Spencer on Monday to 'outperform' from 'sector perform' and lifted the price target to 300p from 285p.

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UPDATE: Marks & Spencer confirms Co-CEO Bickerstaffe to leave in July

(Alliance News) - Marks & Spencer Group PLC on Thursday said Co-Chief Executive Officer Katie Bickerstaffe will leave the company after the annual general meeting in July.

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M&S co-CEO Bickerstaffe to retire after AGM in July

(Sharecast News) - Marks & Spencer confirmed on Thursday that co-chief executive Katie Bickerstaffe will retire after the annual meeting in July "to pursue her board career".

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M&S wins legal battle against UK government over demolition of store

(Alliance News) - Marks & Spencer Group PLC has won a legal battle against the UK government over plans to demolish one of its flagship London stores.

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M&S wins court battle over Oxford St store demolition

(Sharecast News) - Marks & Spencer has come a step closer to demolish its main store on London's Oxford Street after the High Court ruled that a decision by government minister Michael Gove to block the plan was unlawful.

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